2. Use the following table to answer questions below: a. Using the fundamental law of active portfolio management discuss the factors that determine information ratio. Calculate the information ratio and information coefficient for ABC and XYZ. How would you use these metrics to assess the quality of active management? Also compare and contrast information ratio and its usefulness to Sharpe ratio, Treynor ratio, and Jensen's alpha (conceptually). b. How can you use factor-based method for portfolio performance analysis? Discuss factor exposures of each fund above. What style each fund is pursuing and why? The intercept is not given but what is a desirable intercept and why